Universal Corporation Announces Expansion at Shank's Extracts, LLC
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Friday, May 19, 2023
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RICHMOND, Va., May 19, 2023 /PRNewswire/ -- Universal Corporation (NYSE: UVV) today announced an approximately $30 million expansion project at its subsidiary Shank's Extracts, LLC ("Shank's Extracts"), a specialty ingredient, flavors and botanical extracts company, headquartered in Lancaster County, Pennsylvania.
Key Points:
- RICHMOND, Va., May 19, 2023 /PRNewswire/ -- Universal Corporation (NYSE: UVV) today announced an approximately $30 million expansion project at its subsidiary Shank's Extracts, LLC ("Shank's Extracts"), a specialty ingredient, flavors and botanical extracts company, headquartered in Lancaster County, Pennsylvania.
- The project also includes installation of other manufacturing capabilities to better serve its customers.
- "We are excited to announce this expansion in our facilities at Shank's Extracts that will enable us to enhance and expand the product offerings of our plant-based ingredients platform," stated George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation.
- Universal Corporation (NYSE: UVV), headquartered in Richmond, Virginia, is a global business-to-business agri-products supplier to consumer product manufacturers, operating in over 30 countries on five continents.